Update
Bitcoin ETFs Continue Losing Streak
U.S. spot bitcoin exchange-traded funds (ETFs) have experienced another $95 million in net outflows on November 10, extending their losing streak to four straight days. This brings the total net outflows for 2026 to over $1.1 billion, surpassing the $1.03 billion net outflows recorded as of November 9. The trend is expected to continue through December, marking the first calendar year of net outflows since U.S. spot bitcoin ETFs debuted in January. The reversal is significant given the recent influx of funds, with BlackRock’s iShares Bitcoin Trust (IBIT) having recorded seven consecutive days of outflows since October 30, totaling $1.66 billion.